Ben Wood News
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As Nokia Oyj claws its way back into the smartphone market with its Lumia handsets, it risks missing the next big trend as consumers shift toward a category the Finnish company has neglected: big-screen handhelds.
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Otkritie Capital, the investment banking arm of Otkritie Financial Corp., said it strengthened its global direct market access team with new appointments.
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British telecommunications companies serving London’s Olympic Park say they have created a wireless system capable of handling a large city. Legions of iPhone- toting visitors are about to put them to the test.
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Research in Motion Ltd., after restoring data service to its BlackBerry devices on the fourth day of disruptions, may face compensation claims and reputation damage as network operators refund users hurt by the failure.
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Nokia Oyj, the world’s biggest maker of mobile phones by units shipped, cut its smartphone prices in Europe by as much as 15 percent at the beginning of this month, according to analyst firm CCS Insight.
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Nokia Oyj , the world’s biggest maker of mobile phones, tumbled the most in almost 19 months on investor concern that a partnership with Microsoft Corp. won’t be enough in its battle with Google Inc. and Apple Inc.
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Nokia Oyj Chief Executive Officer Stephen Elop said he beat expectations by getting the company’s first Microsoft Corp. smartphone on the shelves in time for Christmas. Winning consumers will require a marketing blitz.
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Nokia Oyj , which was overtaken by Apple Inc. as the largest maker of mobile phones last quarter, will eliminate 7,000 jobs and transfer its Symbian software development to Accenture Plc in the Finnish company’s biggest reorganization in two decades.
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Nokia Oyj is offering companies advertising with embedded tags that can be read by some mobile phones as it tries to gain a lead in the technology over rivals such as Apple Inc. and Google Inc.
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Nokia Oyj replaced Chief Executive Officer Olli-Pekka Kallasvuo last year after the stock sank 55 percent during his four-year tenure. Successor Stephen Elop has presided over a 37 percent loss in just eight months.
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